Britain filed for divorce from the European Union on Wednesday, with fond words and promises of friendship that could not disguise the historic nature of the schism – or the years of argument and hard-nosed bargaining ahead as the U.K. leaves the embrace of the bloc for an uncertain future as “global Britain.” Prime Minister […]
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Britain’s economy grew faster than expected in the three months after its vote to leave the European Union, despite concern that uncertainty would weigh on business activity. The Office of National Statistics said Thursday that the economy grew by a quarterly rate of 0.5 percent in the July-September period thanks in particular to the services […]
Read More Capital inflows into frontier markets, including Nigeria, may slow as investor confidence has been severely undermined by the uncertainty created by Britain’s vote to leave the European Union. In a report by Punchng, The Sub-Saharan Africa Economist, Renaissance Capital, Yvonne Mhango, stated this in an emailed note on the potential effect of Brexit on the […]
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President Muhammadu Buhari has empathised with British Prime Minister David Cameron’s decision to resign in October. This is contained in a statement issued in Abuja on Friday by the president’s Senior Special Assistant on Media and Publicity, Malam Garba Shehu. President Buhari said Nigeria had enjoyed remarkable goodwill, support and understanding under the capable leadership […]
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Trading on the Nigerian Stock Exchange (NSE), on Friday, ended on a negative note, halting a three-day rally due to profit taking and exit of Britain from European Union (EU). The News Agency of Nigeria, reports that the market capitalisation lost N145 billion or 1.36 per cent to close at N10.526 trillion against N10.671 trillion […]
Read More David Cameron has resigned, bringing an abrupt end to his six-year premiership, after the British public took the momentous decision to reject his entreaties and turn their back on the European Union, reports by Guardian UK. Just a year after he clinched a surprise majority in the general election, a visibly emotional Cameron, standing outside […]
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